Connecticut

eCapital Creates $1.5MM Accounts Receivable Finance Facility for Pet-Food Wholesaler

eCapital, a leading provider of working capital and payments management solutions, recently originated a $1.5 million credit facility for a Connecticut-based pet-food wholesaler. The company will use the additional working capital to support growth and manage sales and inventory seasonality.

As part of the partnership, eCapital will also provide the company with comprehensive accounts receivable and customer credit management. The company was referred to eCapital by a strategic banking partner.

“We are proud to be partnering with such a solid company as they negotiate a difficult economic climate,” said eCapital Regional Vice President of Sales and Bank Partnership Development DJ Krystopa. “This really is a case study for how a forward-looking company can make the most of their working capital, shorten their cash conversion cycle and better manage inventory building during the ‘off season.’”

eCapital was able to fund the company’s new accounts receivable finance facility in less than three weeks from the initial referral.

About This Transaction: This transaction was completed by LSQ before its acquisition by eCapital in late 2024. The details reflect the deal as originally announced at that time. Following the acquisition, aspects such as company branding, leadership titles, or organizational structure may have changed.